Topic

nmc health

13 articles

BR Shetty fraud trial opens in London: NMC Health founder faces $5.4bn claim over UAE empire collapse

The UK Commercial Court begins hearing the $5.4bn civil fraud claim against BR Shetty, whose NMC Health concealed $4.5bn in debt before collapsing in 2020 with 200+ UAE facilities and 20,000 staff.

31 Mar 2026 · 3 min read

BR Shetty fraud trial opens in London: NMC Health founder faces $5.4bn claim over UAE empire collapse

Finance & Investment

NMC Health secures $250m in administrator financing as creditor claims exceed $6bn, triple disclosed debt

NMC Health has secured $250 million in new financing to keep its 200-plus UAE facilities running while Alvarez & Marsal manages creditor claims now exceeding $6 billion, roughly three times the debt the company disclosed before administration began.

30 Mar 2026 · 3 min read

NMC Health secures $250m in administrator financing as creditor claims exceed $6bn, triple disclosed debt

Regulatory & PolicyBreaking

NMC Health founder faces $5.4bn fraud trial, six years after UAE's largest private hospital group collapsed

The criminal trial of B.R. Shetty, founder of NMC Health, opens on charges tied to $5.4 billion in alleged hidden liabilities that brought down the UAE's largest private hospital group in 2020.

28 Mar 2026 · 3 min read

NMC Health founder faces $5.4bn fraud trial, six years after UAE's largest private hospital group collapsed

Regulatory & Policy

BR Shetty faces $5.4bn fraud trial over NMC Health collapse, six years on

BR Shetty, who built NMC Health into a FTSE 100 company with 200+ UAE facilities, faces trial over $5.4bn in alleged fraud stemming from the group's 2020 collapse.

28 Mar 2026 · 3 min read

BR Shetty faces $5.4bn fraud trial over NMC Health collapse, six years on

Regulatory & Policy

BR Shetty fraud trial opens in 2026, six years after NMC Health's $6.6bn collapse

The criminal trial of NMC Health founder BR Shetty began this week, six years after the UAE's largest private hospital group collapsed under $6.6 billion in concealed debt.

28 Mar 2026 · 3 min read

BR Shetty fraud trial opens in 2026, six years after NMC Health's $6.6bn collapse

Regulatory & PolicyBreaking

BR Shetty's $5.4bn NMC Health fraud trial opens — largest private healthcare fraud case in UAE corporate history

The criminal fraud trial against BR Shetty, founder of NMC Health, begins this week. The company collapsed in April 2020 carrying over $6.6bn in undisclosed debt.

28 Mar 2026 · 3 min read

BR Shetty's $5.4bn NMC Health fraud trial opens — largest private healthcare fraud case in UAE corporate history

Finance & Investment

DIFC Court orders BR Shetty to pay $46 million to lender

The Dubai International Financial Centre Courts ruled that the NMC Health founder must settle a $46 million liability in a major debt case.

23 Mar 2026 · 3 min read

DIFC Court orders BR Shetty to pay $46 million to lender

Regulatory & PolicyBreaking

NMC Health founder BR Shetty faces fraud trial over $5.4 billion debt

The fraud trial of NMC Health founder BR Shetty begins this week in Abu Dhabi, addressing $5.4 billion in hidden debt.

23 Mar 2026 · 3 min read

NMC Health founder BR Shetty faces fraud trial over $5.4 billion debt

Regulatory & PolicyBreaking

NMC Health founder BR Shetty faces trial over $5.4 billion fraud

BR Shetty faces a London trial this week for the $5.4 billion fraud at NMC Health. The proceedings mark a shift in UAE healthcare governance.

23 Mar 2026 · 3 min read

NMC Health founder BR Shetty faces trial over $5.4 billion fraud

Regulatory & PolicyBreaking

NMC Health founder faces $5.4 billion fraud trial in Abu Dhabi on 23 March

Former NMC Health leadership faces a $5.4 billion fraud trial in Abu Dhabi starting 23 March 2026, following the largest corporate collapse in UAE history.

23 Mar 2026 · 3 min read

NMC Health founder faces $5.4 billion fraud trial in Abu Dhabi on 23 March

Finance & InvestmentBreaking

NMC Health collapse: Lessons from its $4 billion undisclosed debt

The 2020 collapse of NMC Health forced new financial audit mandates on all UAE healthcare operators.

20 Mar 2026 · 2 min read

NMC Health collapse: Lessons from its $4 billion undisclosed debt

Finance & InvestmentBreaking

NMC Health $4 billion debt scandal forces new UAE governance rules

The collapse of NMC Health triggered mandatory financial reporting for UAE healthcare providers. Executives must now separate clinical and debt structures.

19 Mar 2026 · 2 min read

NMC Health $4 billion debt scandal forces new UAE governance rules

Finance & Investment

Abu Dhabi funds and CVC bid $1 billion for NMC Health hospital assets

Abu Dhabi state funds and CVC Capital Partners are bidding $1 billion to acquire NMC Health hospital operations as part of the company's creditor-led restructuring.

19 Mar 2026 · 2 min read

Abu Dhabi funds and CVC bid $1 billion for NMC Health hospital assets